OPEC, Russia Renegotiate Production Cut Agreement
Russia will withdraw from the production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC) if oil prices remain at $70 per barrel for six months.
Lukoil | Egypt Oil & Gas - Part 5
El Molla Meets with IOC CEOs at ADIPEC
The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a series of meetings with CEOs of international oil companies (IOCs) on the sidelines of the Abu Dhabi International Petroleum Exhibition and C ...
Lukoil Targets New Projects in the Middle East
Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East.
No Iraqi Mandate for Lukoil to Cut Oil Output
The head of Russian oil company Lukoil, Vagit Alekperov, said that the firm has not received any directives from the Iraqi government in Baghdad to curb oil production for 2017.
Iran, Russia Signed MoUs
National Iranian Oil Company (NIOC) has signed memorandums of understanding (MoU) with the Lukoil, Tatneft and Zarubezhneft of Russia.
Iran, Russia to Review New Deals
Tehran will host the upcoming Russian-Iranian intergovernmental commission on trade and economic cooperation during December, to discuss financial and technical models of a new contract with Russian firms.
Russia to Develop Iranian Oil Field
Russia's Tatneft and the National Iranian Oil Company (NIOC) signed a preliminary agreement to cooperate on the development of the Dehloran oil field which is located 120km from west of Dezful in western Iran.
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia oil firms Lukoil and Gazprom plan to invest in the development of three oil fields in Iran, with Gazprom finalizing their agreement with the National Iranian Gas Company.
